January 14, 2019 / 11:28 AM / 3 days ago

MNG Enterprises offers to buy USA Today publisher Gannett

Jan 14 (Reuters) - Newspaper chain MNG Enterprises Inc said on Monday it had offered to buy USA Today publisher Gannett Co Inc for $12 per share in cash, or $1.36 billion.

The price represents a 23 percent premium to Gannett’s $9.75 close on Friday. (Reporting by Munsif Vengattil in Bengaluru; Editing by Shounak Dasgupta)

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